Slide 1: Yarranna SE Re-Assay Results
YARRANNA SE RE-ASSAY RESULTS Adding scale to Australia’s only rare earths project with in situ recovery potential June 2024 LSE: COBR
Slide 2: Disclaimer
DISCLAIMER THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR contained in this presentation come from the Company's own internal research and estimates based on the change in the Company's expectations with regard thereto or any change in events, condit
Slide 3: A Single Project with Diversified Commodity Exposure
A SINGLE PROJECT WITH DIVERSIFIED COMMODITY EXPOSURE Focused on delivering a rare earth project with a difference GOLD RARE EARTHS URANIUM Shallow, amenable to An ionic rare earth project Numerous sandstone hosted open cut mining with a difference – amenable occurrences 279K Oz MRE to in situ recove
Slide 4: Importance of Advancing Uranium Assets
IMPORTANCE OF ADVANCING URANIUM ASSETS • Nuclear energy will play an essential role in achieving net zero – sentiment in Australia is changing • In 2022, almost 60% of the world’s uranium was mined via in situ recovery • Leading uranium jurisdiction – South Australia hosts Australia’s only operating
Slide 5: A Geological Process That Shortcuts Mining & Extraction
A GEOLOGICAL PROCESS THAT SHORTCUTS MINING & EXTRACTION Mother Nature has completed the expensive process of hard rock rare earth extraction and mobilised valuable REEs to an accessible storage bank, allowing for a simple and cost-effective withdrawal Narlaby Palaeochannel Ionic REEs & roll-front ur
Slide 6: In Situ Recovery: Why Grade Is Not King
IN SITU RECOVERY WHY GRADE IS NOT KING Annual global production of uranium2,3 • Geology and metallurgy are fundamental to recovery cost. 60 120 Ave Uranium Price US$/Lb ISR and ionic mineralisation provide the opportunity to tU per annum (Kt) 50 100 develop a low-cost and resilient source of rare ea
Slide 7: Cobra Land Tenure – Uranium Prospects
COBRA LAND TENURE – URANIUM PROSPECTS 7
Slide 8: Interpretation of Results
INTERPRETATION OF RESULTS IR1435 IR1436 IR1437 Oxidised channel Reduced sand channel sand Underlying saprolite 8
Slide 9: Upcoming Newsflow
UPCOMING NEWSFLOW Focusing on low cost, low impact extraction ▪ ANSTO metallurgy results - imminent ▪ Follow-up ISR tests – July 2024 ▪ Field tracer studies – August 2024 ▪ Boland Project resource drilling – commencement subject to timing of metallurgy results (planned July-Aug 2024) 9
Slide 10: Cobra – ISR Opportunity
COBRA – ISR OPPORTUNITY Aspiring to be the lowest cost REE producer outside of China Transformative exploration discovery Highly scalable >2,000km2 ionic rare earth discovery with cost and environmental benefits Enabling geology Palaeochannel hosted with high permeability enabling low cost, low impa
Slide 11: cobraplc.com, North Terrace, Kent Town SA
cobraplc.com 64 North Terrace Kent Town SA 5067 Australia